Let’s talk about corporate offices. How do they look and feel? Endless rows of desks and rigid cubicles. However, things have changed since the pandemic. People are now transitioning from this traditional office setup to a more flexible and adaptive work environment. But why the shift?

The world is seeing a rise in hybrid and remote work models, fueling a demand for flexible workspaces. Consequently, corporates are consciously not investing in their own spaces but are opting for a solution that offers flexibility and convenience to their employees through Managed Office Spaces in Hyderabad. This office solution offers every possible feature present in a traditional space minus the headache of setting it up from scratch. Through this blog, let’s explore this paradigm shift in how businesses work and operate and what the future holds.

What are Managed Spaces?

Managed spaces offer a comprehensive coworking space solution for modern businesses with diverse needs. This approach is different from the traditional setup where companies had to independently design, set up, and arrange everything. With this system, the service provider handles all the management, allowing businesses to simply start working.

Key Factors for the Rise in Managed Spaces

There are numerous reasons why a serviced office is seeing such a rise. Let’s discuss the top ones that convince people to shift to one.

Customization and Brand Identity

You have the option to customize managed spaces to reflect your identity and brand, fostering a stronger connection to the company and its culture. This allows you to enjoy all the benefits of setting up a workspace that resonates with your brand without the hassle of managing multiple vendors on your own.

Scalability and Agility

Managed spaces are flexible options, allowing businesses to quickly adapt to changing workforce demands and market conditions. Plug-and-play office spaces are particularly beneficial for companies with fluctuating workforces, as they can easily scale up or down without the burden of managing the space.

Technological Integration

These office solutions are equipped with state-of-the-art technology and infrastructure. This means that businesses will have access to some of the best technical tools and resources needed to thrive and stay competitive in the digital world.

Focus on Employee-Wellbeing

Today’s managed solutions focus on holistic employee wellbeing and give them a competitive edge. They offer recreational facilities, ergonomic workstations, and other well-being applications to support the mental health of the employees. This helps create a healthy and happy environment that enhances productivity.

Location and Accessibility

These business centers are typically situated in prime locations, providing easy access for employees, clients, stakeholders, and customers. This prominent location also lends a sense of prestige to the business without the high expenses typically associated with being located in such areas.

The Future of Managed Spaces

Many reasons point out that the concept of shared office space is here to stay for a long time. Some of them are listed below:

Increasing Demand for Hybrid Work Models

Many companies are implementing a hybrid return-to-office model, which offers a mix of in-office and remote work for their employees. As a result, there is a growing demand for custom-designed managed office space by businesses. A survey by Prudential found that 68% of global workers now prefer a hybrid workplace model with occasional remote work. In 2022, companies like Ceat, Tata Steel, ITC, Mahindra Finance, Thermax, and Forbes Marshall started offering flexible work options, including hybrid schedules, permanent remote work, work-from-home (WFH) with a fixed location, and work-from-anywhere (WFA) without a fixed location. This hybrid model benefits both employees and employers, leading to an increasing preference for managed spaces over traditional ones, especially in tier-2 cities.

Technological Advancements

Technology is at the forefront of transforming business operations and office environments. The latest advancements in technology enhance efficiency, innovation, and collaboration. Managed solutions stay abreast of these developments and implement cutting-edge technologies like AI-based systems and IoT devices. This approach allows corporations to enjoy the benefits of advanced technology without the need to invest heavily in their own IT infrastructure, leveraging the advantages provided by managed spaces. 

Cost-Efficiency

In the future, these office solutions will be more cost-effective than traditional ones Businesses can avoid investing their capital in office infrastructure such as furniture and equipment, and can focus on their primary business operations instead. Moreover, many other operating expenses and workspace logistics, such as maintenance, support services, and utilities, will be handled by the workspace provider allowing businesses to focus on their growth and development.

Focus on Employee-Wellbeing

Employee well-being is increasingly becoming a norm and an important factor for businesses when choosing an office space. Open workspaces are in demand, with companies opting for open-plan layouts with shared spaces. This shift encourages collaboration, flexibility and interaction instilling a strong sense of community among employees. Businesses are now acknowledging the impact of physical work environments on productivity and well-being, leading to a global trend of creating spaces that enhance collaboration and prioritize employee wellness. With a flex space setup focusing on employee engagement and holistic well-being, they are promoting health and happiness while boosting efficiency in a single package.

Conclusion

Modern office design, setup, and workplace trends are the new factors that are shaping how businesses work and operate. With more companies adopting managed office solutions, iKeva has emerged as a game changer, offering the right office setup for all their needs. Whether you require a tailored configuration or a dynamic workspace for your team, we are here to assist you in reaching your long-term objectives while staying abreast of the most recent office solution